Spotify’s IPO could be a billion-dollar payday for Sony Music
https://www.cnbc.com/2018/02/28/spotifys-ipo-could-be-a-billion-dollar-payday-for-sony-music.html
Spotify's coming IPO is validation for CEO Daniel Ek, who has built a giant music streaming business.
And on paper, the IPO* will make Ek and his co-founder Martin Lorentzon billionaires. Ek owns 25.7 percent of his company and Lorentzon owns 13.2 percent.
